−Removed: Perma-Pipe International Holdings, Inc., collectively with its subsidiaries ("PPIH", the "Company" or the "Registrant"), is engaged in the manufacture and sale of products in one reportable segment:
+Added: Perma-Pipe International Holdings, Inc., collectively with its subsidiaries ("PPIH", the "Company", "we", "our" or the "Registrant"), is engaged in the manufacture and sale of products in one reportable segment:
Piping Systems.
30 unchanged sentences
Beni Suef, Egypt
+Added: Medina, Kingdom of Saudi Arabia
Perma-Pipe India Pvt.
3 unchanged sentences
In the United States, the Company employs inside and outside sales managers who use and assist a network of independent manufacturers' representatives, none of whom sell products that are competitive with the Company's piping systems.
−Removed: The Company employs a direct sales force to market and sell products and services in Canada, India, Egypt, and in several countries in the Middle East.
+Added: The Company employs a direct sales force to market and sell products and services in Canada, India, Egypt, and across several countries in the Middle East.
On a country-by-country basis, and where advantageous, the Company uses an agent network to assist in marketing and selling the Company's products and services.
8 unchanged sentences
Any cancellation or delay in orders may result in lower than expected revenues from the Company's reported backlog.
−Removed: Additionally, a s a result of the Company's contracts having a duration of less than one year, a practical expedient was applied regarding disclosure of the aggregate amount and future timing of performance obligations that are unsatisfied or partially satisfied as of the end of the reporting period.
+Added: Additionally, as a result of the Company's contracts having a duration of less than one year, a practical expedient was applied regarding disclosure of the aggregate amount and future timing of performance obligations that are unsatisfied or partially satisfied as of the end of the reporting period.
Intellectual property.
21 unchanged sentences
In addition, district heating and cooling plants can provide better pollution control than localized boilers and cooling equipment.
−Removed: As of January 31, 2024 , the Company had approximately 179 full-time employees working in the United States, of which approximately 76 were under two collective bargaining agreements expiring on April 30, 2024 and March 31, 2025 .
+Added: As of January 31, 2025, the Company had approximately 175 full-time employees working in the United States, of which approximately 79 were under two collective bargaining agreements expiring on April 30, 2027 and May 5, 2025.
As of January 31, 2025, there were approximately 575 full-time employees working at the Company's international locations.
1 unchanged sentence
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
−Removed: The following table sets forth information regarding the executive officers of the Company as of April 26, 2024 :
+Added: The following table sets forth information regarding the executive officers of the Company as of May 1, 2025:
Executive officer of the
1 unchanged sentence
Company since
−Removed: Director, President and Chief Executive Officer;
+Added: Director, Chief Executive Officer;
Vice President and Chief Financial Officer;
−Removed: President, Chief Executive Officer ("CEO") and member of the Board of Directors since November 2016.
+Added: Chief Executive Officer ("CEO") and member of the Board of Directors since November 2016.
From 2015 to 2016, Mr.
9 unchanged sentences
He is a Fellow member of the Association of Chartered Certified Accountants.
−Removed: Appointed Vice President and CFO in October 2023, and previously served as Chief Accounting Officer from May 2023 to October 2023.
+Added: Appointed President in April 2025 and has previously served as the Company’s Senior Vice President of the MENA region since June 2021, where he was responsible for overseeing operations in the U.A.E., Saudi Arabia, India, and Egypt.
+Added: He joined the Company in May 2019 as Vice President of the MENA region.
+Added: Prior to joining Perma-Pipe, Mr.
+Added: Sagr served as General Manager for Global Anti Corrosion Techniques Co.
+Added: Ltd, in Saudi Arabia, a Saudi pipeline company he co-founded in 2005.
From 1995 to 2005, Mr.
−Removed: Lewicki served as Corporate Controller of HMT Holdings Corp, Inc., a global oil and gas manufacturing and infrastructure services company, consisting of manufacturing of above-ground storage tanks and associated materials, oilfield maintenance and repair services, and inspection services.
+Added: Sagr held various positions for BrederoShaw, such as engineering, startups, and operations management.
+Added: Vice President and CFO since October 2023 and previously served as Chief Accounting Officer from May 2023 to October 2023.
+Added: From 2019 to 2023, Mr.
+Added: Lewicki served as Corporate Controller of HMT Holdings Corp, Inc., a global oil and gas manufacturing and infrastructure services company, consisting of the manufacturing of above-ground storage tanks and associated materials, oilfield maintenance and repair services, and inspection services.
In this position, Mr.
4 unchanged sentences
Lewicki was responsible for overseeing financial reporting and SEC compliance, and financial planning and analysis, which consisted of strategic planning, budgeting, forecasting, mergers and acquisition integration, and investment strategy.
−Removed: He is a Certified Public Accountant in the State of Texas.
+Added: He began his career in public accounting at Deloitte and is a Certified Public Accountant in the State of Texas.
AVAILABLE INFORMATION
The Company files with, and furnishes to, the Securities and Exchange Commission ("SEC") reports, including annual meeting materials, annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, as well as amendments thereto.
−Removed: The Company maintains a website, www.permapipe.com , where these reports and related materials are available free of charge as soon as reasonably practicable after the Company electronically files with, or furnishes such material to, the SEC.
+Added: The Company maintains a website,
+Added: www.permapipe.com , where these reports and related materials are available free of charge as soon as reasonably practicable after the Company electronically files with, or furnishes such material to, the SEC.
The information on the Company's website is not part of this Annual Report on Form 10-K and is not incorporated into this or any other filings by the Company with the SEC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.